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Updated RecentlyAero Colours vs Miracle Auto Painting Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Aero Colours vs Miracle Auto Painting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $49,000 - $174,000 | $216,000 - $273,000 |
| Franchise Fee | $25,000 - $125,000 | $35,000 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | - | - |
| Year Founded | 1985 | 1953 |
| Year Franchised | 1993 | 1964 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $1K | $1.5K |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/Yes | No/Yes |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | No/Yes | Yes/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | New franchise owners begin their AERO COLOURS career with a four-week training program. The first two weeks are spent at AERO COLOURS Training Center in Minneapolis, Minnesota consisting of 80 hours of classroom and hands-on training. Each new franchisee receives a pre-training exercise packet, training manual that offers step-by-step instructions on how to repair everything from chip and scratches to mending a cracked bumper, a sales and marketing manual that covers sales, marketing, advertising and promotions and an administration manual that offers information and documents needed to operate an AERO COLOURS franchise business. | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, Regional advertising |
| Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Aero Colours
Aero-Colours, Inc. is recognized as the market leader in the paint repair industry based on our superior paint repair processes, industry-leading products, and highly trained and motivated franchisees. In addition to the dealer market, opportunities also exist with wholesalers, commercial fleets and individual car owners. Experience in paint repair is not necessary as many of our successful franchisees come to us with unrelated business experience and careers. We will teach you to be successful in this business if you have a genuine interest and are willing to make the commitment for success. Why Choose Aero-Colours? One of the many benefits of being part of the Aero-Colours family of franchise owners is that Aero-Colours has a vested interest in your success. If your business is successful, that success has a major impact on the overall success of the entire Aero-Colours franchise system. Each new franchisee success story translates into stronger market penetration and strength. After training, our franchise owners have the know-how to get the job done right using the products we developed for our specialized business. Proper training combined with regular technical updates, training seminars and access to our technical experts by telephone, fax and the internet give our franchisees access to the shared experience of hundreds of their colleagues nationally. In an ever-changing automotive industry, our full-time chemical engineer keeps us on the cutting edge of technology. We do the research and testing so you can concentrate on running the business.
About Miracle Auto Painting
The Miracle reputation for Quality at Moderate Cost was firmly established in the San Francisco Bay Area in these early years. In late 1954 about 90% of Miracle's work was retail--a big swing from the early days. Firm believers in keeping the name, moderate prices and the quick turnaround before the public, Miracle stores spent up to 18% of gross sales to enhance the word-of-mouth awareness, the quality work and resonable prices engendered. The San Mateo, California flagship location opened in 1965 and the success of Miracle Auto Painting as a chain was well established. During these years came the standardization of the Operations Manual, accounting and other business management procedures which had proven themselves over the preceeding several years. Longer term advertising and marketing plans were designed and implemented and franchising began.